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Audit Data Analytics (ADAs) Quiz

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Questions and Answers

What is the purpose of performing Audit Data Analytics (ADAs)?

To access and prepare the data for purposes of the ADA

To determine the financial statement items or accounts

To discover and analyze patterns, anomalies, and other information for the purpose of planning and performing an audit (correct)

To evaluate the results and conclude on whether the purpose and specific objectives of performing the ADA have been achieved

What is the first step in the 5-Step Process to Performing Audit Data Analytics (ADAs)?

Plan the ADA (correct)

Perform the ADA

Consider the relevance and reliability of the data used

Access and prepare the data for purposes of the ADA

What do auditors consider when planning the ADA?

Consider the relevance and reliability of the data used

Access and prepare the data for purposes of the ADA

Determine the financial statement items or accounts, or disclosures, and related assertions (correct)

Evaluate the results and conclude on whether the purpose and specific objectives of performing the ADA have been achieved

What is the fourth step in the 5-Step Process to Performing Audit Data Analytics (ADAs)?

<p>Perform the ADA</p> Signup and view all the answers

What does the science and art of using analysis, modeling, and visualization aim to do?

<p>Discover and analyze patterns, anomalies, and other information for the purpose of planning and performing an audit</p> Signup and view all the answers

Audit Data Analytics (ADAs) Quiz

Choose a study mode

Podcast

Questions and Answers

What is the purpose of performing Audit Data Analytics (ADAs)?

What is the first step in the 5-Step Process to Performing Audit Data Analytics (ADAs)?

What do auditors consider when planning the ADA?

What is the fourth step in the 5-Step Process to Performing Audit Data Analytics (ADAs)?

What does the science and art of using analysis, modeling, and visualization aim to do?

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